Looking to diversify beyond PRCNX? The mutual funds below have historically moved differently from PRCNX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PRCNX
0 mutual funds have low correlation with PRCNX (below 0.3), 0 of which are negatively correlated. The least correlated is Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.47, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kopernik International Fund | 0.47 | 0.45 | 0.58 | 66 | Foreign Large Cap Equities | PRCNX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.47 | 0.66 | 0.74 | 89 | Foreign Large Cap Equities | PRCNX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.47 | 0.59 | 0.73 | 52 | Foreign Large Cap Equities | PRCNX vs TIVFX | |
| Federated Hermes International Strategic Value Div... | 0.47 | 0.62 | 0.73 | 88 | Foreign Large Cap Equities | PRCNX vs IVFIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.48 | 0.59 | 0.67 | 56 | Large Cap Blend Equities | PRCNX vs PRCOX |
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